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17 September 2021
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Altcoins

6 cryptocurrencies that could go up to 50% soon

The recent rise in the price of Bitcoin (BTC) has cheered up cryptocurrency market analysts and boosted some altcoin. Based on this, analyst Michaël van de Poppe highlighted that he has his eye on six cryptocurrencies with great upside potential in the short term.

In a recent video, the analyst claimed to be following Cardano. According to him, ADA is showing signs of bullishness against the dollar (ADA/USD).

For van de Poppe, an upward movement could take Cardano’s price close to $2. After all, the charts show that resistances are being broken with Cardano making lower and higher lows.

Another cryptocurrency on the trader’s list is Chainlink (LINK), which, according to him, is ready to reach up to US$ 28. If this is confirmed, it would be an increase of more than 20% in relation to the current price.

High potential altcoins

Van de Poppe is also said to be watching the video and electronic entertainment platform Verasity (VRA).

According to their analysis, VRA did not confirm any kind of breakout. That is, it will need to go through key areas of resistance before entering a new bullish cycle.

“The VRA needs to break $0.01 and $0.0135. If that happens, $0.024 is the next target. In general, it can be ready for the beginning of a new cycle”, he said.

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Then, the trader highlighted the sidechain solution aimed at the Ethereum Skale Network (SKALE). As van de Poppe stated,  SKALE has probably hit rock bottom in relation to Bitcoin (SKALE/BTC).

However, before the token prints further gains, it needs to break resistance at 0.00000814 BTC. And, after this critical level, a new high is possible with the cryptoactive going up to 30%.

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The trader’s list is also made up of the Zilliqa cryptocurrency. Van de Poppe noted that while Zilliqa has regained heavy support against Bitcoin, the digital currency must eliminate resistances at 0.0000027 ($0.10) and 0.00000347 ($0.13) to reverse its trend.

“Strong bounce from support here, through which the next resistance zone is around 270 sats (0.0000027).”

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The analyst also stated that he is optimistic about the Holo platform. The trader pointed out some scenarios that could trigger a rally against Bitcoin (HOT/BTC). However, before that, the HOT/BTC pair needs to overcome resistance at $0.0054 before starting a bullish cycle.

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Also read: Bitcoin is rejected at $40,000: is it time to buy?

Also Read: Bitcoin Mining Difficulty Will Rise After 2 Months of Fall

Read also: Facebook will turn metaverse into blockchain, reveals Mark Zuckerberg

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